As indicated in the State's indicative financing programme for 2026, the State may create, as announced in the financing programme for 2021, a securities reserve managed by the Caisse de la Dette Publique (CDP) in order to mobilise, if necessary, liquidity up to €20 billion via short-term repo operations.
Agence France Trésor announces today the creation of a securities reserve for 2026. To this end, the State will create €20 billion of securities on 5 January 2026, which the CDP may use as of this date.
The securities created are as follows:
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OAT 2.40% 24 September 2028 for €2 billion
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OAT 0.75% 25 November 2028 for €2 billion
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OAT 0.00% 25 November 2029 for €2 billion
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OAT 0.00% 25 November 2030 for €2 billion
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OAT 0.00% 25 November 2031 for €2 billion
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OAT 5.75% 25 October 2032 for €2 billion
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OAT 2.00% 25 November 2032 for €2 billion
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OAT 3.50% 25 November 2033 for €2 billion
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OAT 3.00% 25 November 2034 for €2 billion
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OAT 3.50% 25 November 2035 for €2 billion
These securities will be destroyed by 31 December 2026 at the latest. AFT will communicate on any changes made to this list during the year.
Information:
+33 1 4004 1550 - [email protected]